“What could be more asinine than making a judgment about something without taking into account both…”
The greater issue is government spending, which is exerting upward pressure on wages and raising the cost of capital.
Energy Information Administration
“Even though the risk of doing too much is a recession, the risk of not…”
Markets are correct to be convinced that the Fed funds rate will be raised tomorrow by +0.75%, the
fourth such hike since June, and will bring the upper bound Fed funds rate to 4.00%; Any deviation
from trend, six days before the elections, will be deemed political.
“Even though the risk of doing too much is a recession, the risk of not…” Read More »